Leveraged and Inverse ETFs

Direxion Daily S&P 500 Bear 3x Shares

The Daily S&P 500 Bear 3x ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P 500 Index. There is no guarantee the fund will meet its stated investment objective.

  • Tickers:

     SPXS

  • CUSIP:

     25459W151

  • Objective:

     The Daily S&P 500 Bear 3x ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P 500 Index. There is no guarantee the fund will meet its stated investment objective.
Symbol Fund Index/Benchmark Daily/Monthly Target Bloomberg Index Symbol
Long Term Investment
ETFs
Mutual Funds
Short Term TradingAre Direxion Shares ETFs for you?
ETFs
SPXS Daily S&P 500® Bear 3x Shares S&P 500® Index -300% SPX
Mutual Funds
Monthly
Quarterly (standardized)

    All Data as of 4/30/2013

    All Data as of 3/31/2013

Symbol Fund 1 Month
(%)		 3 Month
(%)		 YTD
(%)		 1 Year
(%)		 3 Year
(%)		 5 Year
(%)		 10 Year
(%)		 Since
Inception		 Inception
Date		 Expense Ratio *
(Gross/Net %)
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
SPXS Daily S&P 500® Bear 3x Shares NAV -6.61 -20.72 -32.35 -43.51 -44.09 - - -51.73 11/5/2008 1.06 / 0.95
Market
Close		 -6.82 -20.50 -32.11 -43.36 -44.01 - - -51.69 11/5/2008 1.06 / 0.95
Mutual Funds
Symbol Fund 1 Month
(%)		 3 Month
(%)		 YTD
(%)		 1 Year
(%)		 3 Year
(%)		 5 Year
(%)		 10 Year
(%)		 Since
Inception		 Inception
Date		 Expense Ratio *
(Gross/Net %)
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
SPXS Daily S&P 500® Bear 3x Shares NAV -10.84 -27.56 -32.35 -39.15 -44.07 - - -51.64 11/5/2008 1.06 / 0.95
Market
Close		 -10.79 -27.14 -32.11 -38.89 -43.95 - - -51.57 11/5/2008 1.06 / 0.95
Mutual Funds
Symbol Fund NAV
(5/24/2013)		 NAV
Change
($)		 NAV
Change
(%)		 Market Price Closing
(5/24/2013)		 Market Price Closing Change
($)		 Market Price Closing Change
(%)		 Premium/
Discount
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
SPXS Daily S&P 500® Bear 3x Shares 10.27 $0.02 0.15% 10.26 $0.06 0.59% -0.01
Mutual Funds

The performance data quoted represents past performance; past performance does not guarantee future results; the investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized.

Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund's prospectus.

Shares of DirexionShares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense subsidies and waivers in effect during certain periods shown. Absent these waivers, results would have been less favorable.

Symbol Fund Record Date Ex-Date Pay Date Income Dividend Short Term Capital Gain Long Term Capital Gain
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
Mutual Funds
Symbol Fund Index/Benchmark Monthly Target Estimated Current
Exposure Level *
Domestic
DXSLX Monthly S&P 500® Bull 2x Fund S&P 500® 200% 194%
DXSSX Monthly S&P 500® Bear 2x Fund S&P 500® -200% -221%
DXQLX Monthly NASDAQ 100® Bull 2x Fund NASDAQ 100® 200% 193%
DXRLX Monthly Small Cap Bull 2x Fund Russell 2000® 200% 193%
DXRSX Monthly Small Cap Bear 2x Fund Russell 2000® -200% -225%
International
DXZLX Monthly Latin America Bull 2x Fund S&P® Latin America 40 200% 206%
DXHLX Monthly China Bull 2x Fund FTSE/Xinhua China 25 Index 200% 207%
DXELX Monthly Emerging Markets Bull 2x Fund MSCI Emerging Markets Index SM 200% 205%
Fixed Income
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund NYSE 7-10 Year Treasury Bond Index 200% 205%
DXKSX Monthly 7-10 Year Treasury Bear 2x Fund NYSE 7-10 Year Treasury Bond Index -200% -186%
Commodity
DXCLX Monthly Commodity Bull 2x Fund Morgan Stanley® Commodity Related Index 200% 208%
Currency
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We’re pleased to announce that the benchmark of the fund is now the S&P 500® Index, under the new symbol: SPXS

Overview

Overview

This leveraged ETF seeks a return that is -300% the return of its benchmark index for a single day. The fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day.

Key Benefits 

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion Shares is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3x leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over periods longer than one trading day.

Target Index

The S&P 500® Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’sselects the 500 stocks comprising the Index on the basis of market values and industry diversification. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange. The companies included in the index have an average market capitalization of more than $29.64 billion dollars and a median market capitalization of $14.11 billion dollars as of March 31, 2013. One cannot invest directly in an Index.

 

Index Sector Weights
Information Technology 18.02%
Financials 15.93%
Health Care 12.53%
Consumer Staples 11.62%
Consumer Disc. 10.96%
Energy 10.92%
Industrials 10.11%
Utilities 3.51%
Materials 3.43%
Telecom Services 2.97%


Data as of 03/31/2013 is subject to change at any time and are not recommendations to buy or sell any security.

Fund Literature

Fund Literature

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Daily Holdings

Daily Holdings

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